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All the companies I deal with typically have their own process intricacies with different numbers of process states. I usually discuss design processes in terms of “work in progress”, “released” and “obsolete”. Sometimes companies will have their own terminology or additional process states. With Vault 2010 (Workgroup and above), you can create as many process states with their own names as required. These are referred to as lifecycle states in Vault.
Here is an example of a couple extra lifecycle states used in a file list.
Each lifecycle state can have its own security for file access as well as for transitioning between states. The security model can be created with endless possibilities as shown in the image below.
Contributed by Ben of the Tata Technologies CAD Geeks